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How to buy Garmin shares
Own Garmin shares in just a few minutes. Share price changes are updated daily.
Fact checked
Garmin Ltd (GRMN) is a leading scientific & technical instruments business based in the US. Garmin is listed on the NASDAQ and employs 15,000 staff. All prices are listed in US Dollars.
How to buy shares in Garmin
- Choose a platform. If you're a beginner, our share-dealing table below can help you choose.
- Open your account. You'll need your ID, bank details and national insurance number.
- Confirm your payment details. You'll need to fund your account with a bank transfer, debit card or credit card.
- Search the platform for stock code: GRMN in this case.
- Research Garmin shares. The platform should provide the latest information available.
- Buy your Garmin shares. It's that simple.
What's in this guide?
- Can I buy shares in Garmin?
- Garmin shares summary
- Compare share dealing platforms
- Is Garmin stock a buy or sell?
- Can I short Garmin shares?
- Is Garmin suitable for ethical investing?
- Are Garmin shares over-valued?
- Garmin's financials
- How volatile are Garmin shares?
- Does Garmin pay a dividend?
- Have Garmin shares ever split?
- Other common questions
Garmin share price
Use our graph to track the performance of GRMN stocks over time.Garmin shares at a glance
Information last updated 2021-01-24.
| 52-week range | $59.9539 - $125 |
|---|---|
| 50-day moving average | $120.3933 |
| 200-day moving average | $107.1358 |
| Wall St. target price | $122.38 |
| PE ratio | 23.2457 |
| Dividend yield | $2.44 (1.97%) |
| Earnings per share (TTM) | $5.327 |
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All investing should be regarded as longer term. The value of your investments can go up and down, and you may get back less than you invest. Past performance is no guarantee of future results. If you’re not sure which investments are right for you, please seek out a financial adviser. Capital at risk.
Is it a good time to buy Garmin stock?
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
Is Garmin under- or over-valued?
Valuing Garmin stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Garmin's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Garmin's P/E ratio
Garmin's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 23x. In other words, Garmin shares trade at around 23x recent earnings.
That's relatively low compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The low P/E ratio could mean that investors are pessimistic about the outlook for the shares or simply that they're under-valued.
Garmin's PEG ratio
Garmin's "price/earnings-to-growth ratio" can be calculated by dividing its P/E ratio by its growth – to give 3.4184. A low ratio can be interpreted as meaning the shares offer better value, while a higher ratio can be interpreted as meaning the shares offer worse value.
The PEG ratio provides a broader view than just the P/E ratio, as it gives more insight into Garmin's future profitability. By accounting for growth, it could also help you if you're comparing the share prices of multiple high-growth companies.
Garmin's EBITDA
Garmin's EBITDA (earnings before interest, taxes, depreciation and amortisation) is a whopping $1.1 billion.
The EBITDA is a measure of a Garmin's overall financial performance and is widely used to measure a its profitability.
Garmin financials
| Revenue TTM | $3.9 billion |
|---|---|
| Operating margin TTM | 24.37% |
| Gross profit TTM | $2.2 billion |
| Return on assets TTM | 9.75% |
| Return on equity TTM | 21.5% |
| Profit margin | 25.89% |
| Book value | $26.691 |
| Market capitalisation | $23.7 billion |
TTM: trailing 12 months
How to short and sell Garmin shares
- Create a CFD or spread betting account.
- Search for the stock code. E.g. "GRMN.US"
- Choose your position size.
- Select "sell" rather than "buy".
- Confirm your position and keep tabs on it. You may wish to set limits on your position.
There are currently 1.6 million Garmin shares held short by investors – that's known as Garmin's "short interest". This figure is 11.9% down from 1.8 million last month.
There are a few different ways that this level of interest in shorting Garmin shares can be evaluated.
Garmin's "short interest ratio" (SIR)
Garmin's "short interest ratio" (SIR) is the quantity of Garmin shares currently shorted divided by the average quantity of Garmin shares traded daily (recently around 707986.16071429). Garmin's SIR currently stands at 2.24. In other words for every 100,000 Garmin shares traded daily on the market, roughly 2240 shares are currently held short.
However Garmin's short interest can also be evaluated against the total number of Garmin shares, or, against the total number of tradable Garmin shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Garmin's short interest could be expressed as 0.01% of the outstanding shares (for every 100,000 Garmin shares in existence, roughly 10 shares are currently held short) or 0.0106% of the tradable shares (for every 100,000 tradable Garmin shares, roughly 11 shares are currently held short).
Such a low SIR usually points to an optimistic outlook for the share price, with fewer people currently willing to bet against Garmin.
Find out more about how you can short Garmin stock.
Garmin's environmental, social and governance track record
Environmental, social and governance (known as ESG) criteria are a set of three factors used to measure the sustainability and social impact of companies like Garmin.
When it comes to ESG scores, lower is better, and lower scores are generally associated with lower risk for would-be investors.
Garmin's total ESG risk score
Total ESG risk: 22.03
Socially conscious investors use ESG scores to screen how an investment aligns with their worldview, and Garmin's overall score of 22.03 (as at 01/01/2019) is pretty good – landing it in it in the 21st percentile of companies rated in the same sector.
ESG scores are increasingly used to estimate the level of risk a company like Garmin is exposed to within the areas of "environmental" (carbon footprint, resource use etc.), "social" (health and safety, human rights etc.), and "governance" (anti-corruption, tax transparency etc.).
Garmin's environmental score
Environmental score: 6.37/100
Garmin's environmental score of 6.37 puts it squarely in the 4th percentile of companies rated in the same sector. This could suggest that Garmin is a leader in its sector terms of its environmental impact, and exposed to a lower level of risk.
Garmin's social score
Social score: 10.84/100
Garmin's social score of 10.84 puts it squarely in the 4th percentile of companies rated in the same sector. This could suggest that Garmin is a leader in its sector when it comes to taking good care of its workforce and the communities it impacts.
Garmin's governance score
Governance score: 7.82/100
Garmin's governance score puts it squarely in the 4th percentile of companies rated in the same sector. That could suggest that Garmin is a leader in its sector when it comes to responsible management and strategy, and exposed to a lower level of risk.
Garmin's controversy score
Controversy score: 2/5
ESG scores also evaluate any incidences of controversy that a company has been involved in. A high-profile company, Garmin scored a 2 out of 5 for controversy – the second-highest score possible, reflecting that Garmin has, for the most part, managed to keep its nose clean.
Environmental, social, and governance (ESG) summary
Garmin Ltd was last rated for ESG on: 2019-01-01.
| Total ESG score | 22.03 |
|---|---|
| Total ESG percentile | 20.64 |
| Environmental score | 6.37 |
| Environmental score percentile | 4 |
| Social score | 10.84 |
| Social score percentile | 4 |
| Governance score | 7.82 |
| Governance score percentile | 4 |
| Level of controversy | 2 |
Garmin share dividends
Dividend payout ratio: 51.17% of net profits
Recently Garmin has paid out, on average, around 51.17% of net profits as dividends. That has enabled analysts to estimate a "forward annual dividend yield" of 1.97% of the current stock value. This means that over a year, based on recent payouts (which are sadly no guarantee of future payouts), Garmin shareholders could enjoy a 1.97% return on their shares, in the form of dividend payments. In Garmin's case, that would currently equate to about $2.44 per share.
Garmin's payout ratio would broadly be considered high, and as such this stock could appeal to those looking to generate an income. Bear in mind however that companies should normally also look to re-invest a decent amount of net profits to ensure future growth.
Garmin's most recent dividend payout was on 31 March 2021. The latest dividend was paid out to all shareholders who bought their shares by 12 March 2021 (the "ex-dividend date").
Have Garmin's shares ever split?
Garmin's shares were split on a 2:1 basis on 16 August 2006. So if you had owned 1 share the day before before the split, the next day you'd have owned 2 shares. This wouldn't directly have changed the overall worth of your Garmin shares – just the quantity. However, indirectly, the new 50% lower share price could have impacted the market appetite for Garmin shares which in turn could have impacted Garmin's share price.
Garmin share price volatility
Over the last 12 months, Garmin's shares have ranged in value from as little as $59.9539 up to $125. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Garmin's is 0.9869. This would suggest that Garmin's shares are less volatile than average (for this exchange).
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Garmin overview
Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of navigation, communication, and information devices worldwide. It operates through five segments: Auto, Aviation, Marine, Outdoor, and Fitness. The Auto segment offers personal navigation devices; infotainment systems; and cameras, as well as mobile applications. The Aviation segment provides flight display, navigation, communication, flight control, hazard avoidance, weather radar, radar altimeter, and in-cockpit and cloud connectivity products; datalink weather receivers and services; engine information, traffic collision avoidance, and terrain awareness and warning systems; wearables, portables, and apps; and training, simulation, flight planning/filing, premium trip, and aviation data services. This segment also offers controller-pilot data link, a suite of automatic dependent surveillance broadcast solutions. The Marine segment provides chartplotters and multi-function displays, cartography products, fish finders, sounders, autopilot systems, radars, compliant instrument displays, VHF communication radios, handhelds and wearable devices, sailing products, entertainment, and digital switching equipment. The Outdoor segment offers outdoor handhelds, smartwatches, golf devices, and dog tracking and training devices; Garmin Connect and Garmin Connect Mobile, which are Web and mobile platforms; and Connect IQ application development platform. The Fitness segment provides running/multi-sport watches, cycling computers, cycling power meters, cycling safety and awareness products, and activity tracking devices. The company sells its global positioning system receivers and accessories to retail outlets; and aviation products to aviation dealers and aircraft manufacturers through a network of independent dealers and distributors. Garmin Ltd. was founded in 1990 and is based in Schaffhausen, Switzerland.
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